The 279th Sydney Mining Club – Leading Edge Event
at 5.15 pm on 6 July 2023 at the Establishment Ballroom

Three Australian Copper Explorers at the Forefront of the Critical Minerals Boom

The Sydney Mining Club presents New World Resources (ASX:NWC), Hot Chili (ASX:HCH) and Cannindah Resources (ASX:CAE) at the Establishment Ballroom.

S&P Global has warned that the world would need to double production to about 50 million tonnes by 2035 to satisfy demand boosted by electrification.

On the 6th of July, the Sydney Mining Club will present three Australian mining companies that are set to capitalise on the coming copper boom.

New World Resources (ASX: NWC) – Mike Haynes, Managing Director

New World Resources is on the verge of bringing the Antler copper deposit in northern Arizona back into production for the first time in half a century.

Late last year, the company announced a significant JORC resource increase, with Antler now containing 11.4Mt at 2.1% copper, 5% zinc, 0.9% lead, 32.9g/t silver and 0.36g/t gold at a copper equivalent grade of 4.1%.

The expanded resource has been integrated into a scoping study with key outcomes including a production profile of 15.4Mt at 1.3Mtpa for 13 years and 381,400 tonnes of copper-equivalent metal.

The study found such a rate of production would yield annual revenues of over A$4.4bn and A$225m in annual free cash flow.
Download ASX:NWC New World Resources SMC Leading Edge RaaS Report

Hot Chili (ASX: HCH) – Christian Easterday, CEO

Hot Chili is developing its Costa Fuego copper-gold project in northern Chile.

Costa Fuego has an indicated resource of 2.8Mt copper, 2.6Moz gold and 67kt of molybdenum (in 725Mt) and an inferred resource of 0.6 Mt copper, 1.2 Moz gold and 13kt molybdenum (in 202Mt).

The Costa Fuego deposit is in an excellent location with low altitude and accessible infrastructure.

Currently, the company is working to advance Costa Fuego through a preliminary feasibility study, and the testing of several high-priority exploration targets.

Recent drilling across the western extension of Hot Chili’s resource has confirmed the presence of a fourth porphyry, with a 120m intercept grading 0.5% copper equivalent from a down-hole depth of 22m to end of hole that includes a higher grade core of 18m at 1.3% copper equivalent from 32m.
Download ASX:HCH Hot Chili SMC Leading Edge RaaS Report

Cannindah Resources (ASX: CAE) – Tom Pickett, Executive Chair

Cannindah Resources is exploring for copper and gold across two projects in central Queensland.

At its Mt Cannindah project south of Gladstone, the company has identified a large high-level porphyry style copper-molybdenum-gold mineralised system across its mining lease.

The existing JORC resource at Mt Cannindah is 5.5Mt a 0.93% Cu. In October 2021, the company recorded 282m at 0.94% copper, 0.3g/t gold, 19g/t silver (1.28% copper equivalent) from new drilling.

Further north near Charters Towers, Cannindah Resources is developing its Piccadilly Project which consists of one mining lease and two exploration permits.

The high-grade Piccadilly main lode has produced at a historical grade of over an ounce of gold (31g/t Au) to the tonne.
Download ASX:CAE Cannindah Resources SMC Leading Edge RaaS Report

Not to be missed!